ED seizes foreign currency worth `1.53-cr at Kolkata airport

The Enforcement Directorate (ED) on Monday said it has seized foreign currencies worth Rs 1.53 crore from a domestic passenger at the Kolkata airport under the Foreign Exchange Management Act (FEMA). The flyer had travelled from Gorakhpur to Kolkata with the foreign currencies.
“During search (of the suspect flyer), 1,998 numbers of foreign currencies consisting of USD 1,65,000 and Euro 30,460 (equivalent to Rs 1.53 crore) were found in the possession of the passenger. However, he has failed to provide the source of the said foreign exchange and the purpose of traveling with such a huge amount of foreign exchange without any valid document.